Daniel de la Vega of One Sotheby’s, and lenders Joel Eidelstein and Matthew Eidelstein just launched a new mortgage lending company based in Miami.
CapHouse Financial, based out of One Sotheby’s International Realty’s Miami Design District headquarters, aims to be a direct lender and consultancy firm for residential and commercial properties in Miami-Dade, Broward and Palm Beach counties.
“From the One Sotheby’s perspective, it was evident that our clients needed a real focused mortgage consultant solution,” said de la Vega, president of the brokerage.
The move into mortgage lending could be seen as a sign of diversification and a new income source for One Sotheby’s. Firms like the Keyes Company, EWM Realty International and Coldwell Banker offer similar supplemental services. Last year, Fortune International Group launched a bridge lending firm with Rialto Capital Management.
CapHouse Financial will provide conventional loans, investment loans and foreign national loans, as well as financing for retail, office, flex warehouse and other commercial property types. It will also lend to developers in all stages – from entitling land to bulk financing.
The company will likely lend between $250 million and $350 million annually for the first couple of years, Joel Eidelstein said.
Matt Eidelstein leads the development and operations of CapHouse. He previously founded Universal Capital Corp., a mortgage brokerage in Florida.
Joel Eidelstein is managing partner of New Wave Loans Residential and Rivo Alto Partners. New Wave is one of the largest private lenders in Florida and has provided more than $650 million of first mortgage loans, and Rivo Alto is an investment adviser to high-net-worth individuals and family offices.